Former Andreessen Horowitz Executives Raise $25M for New Web3 Startup
Bastion plans to use the funds to scale its operations, attract top engineering talent, and secure additional licensing to diversify its product offerings.
Startups
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Startup Anthropic Launches Premium Subscription Plan for Its AI-Powered Chatbot
The paid plan for Claude Pro has been competitive priced in order to directly compete with ChatGPT Plus.
Ivy Secures $20M in Funding while Taking Open-Banking Payments Global
Ivy will use these funds to expand its footprint in different regions and partner with major payment service providers thereby helping them power their own open-banking offerings.
AI Startup AI21 Labs Raises $155M in Series C Funding Round
By
Darya Rudz
AI21 Labs is planning to use the money raised for developing AI products that will compete with ChatGPT developer OpenAI and AI safety and research company Anthropic.
UK Launches £1 Billion FinTech Growth Fund to Support Growth Stage Companies
By
Darya Rudz
Such companies as Barclays plc, National Westminster Bank (NatWest), Mastercard Incorporated (NYSE: MA), London Stock Exchange Group, and Peel Hunt have backed FinTech Growth Fund.
Sequoia Capital Navigates Market Challenges with Reduction of Cryptocurrency and Ecosystem Funds
A noteworthy aspect of Sequoia Capital’s approach is the strategic shift towards supporting younger startups, diverting attention from larger companies.
Mizuho Financial Group Plans for $72M Venture Debt Fund for Startups
Mizuho said that startups in Japan are looking for debt wherein they can get loans without diluting the ownership stakes in the company.
Europe Startup Ecosystem Growing amid Broader Industry Strain
The tech startup sector has recently faced challenges due to rising interest rates, which have put pressure on valuations, especially for late-stage companies.
Hong Kong’s ZA Bank Gears Up to Offer Crypto Conversions and Serve Crypto Startups
ZA Bank is also looking to offer services to Web3 crypto startups, a sector widely underserved by the banking space.
Football Legend Lionel Messi Supports Web3 Soccer Game Startup Matchday in Fundraise
Matchday has secured an official license from FIFA as well as the FIFPRO players association. It’s working on a suite of Web3 games accessible to most users.
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